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RBS to cut 792 jobs, close 162 branches in Williams & Glyn cull

(FILES) In this file photo taken on October 22, 2017, signage is seen at the front of a branch of the Royal Bank of Scotland in central London on October 22, 2017. Britain's state-rescued Royal Bank of Scotland saw first-quarter net profits more than triple on lower restructuring costs and rising income, it said April 27, 2018. / AFP / Tolga Akmen

Updated 01 May 2018

AFP

May 01, 2018 12:10

RBS to cut 792 jobs, close 162 branches in Williams & Glyn cull

Updated 01 May 2018

AFP

May 01, 2018 12:10

LONDON: Britain’s Royal Bank of Scotland is to cut around 792 jobs and close 162 branches following a review of its branch network in England and Wales, the bank said on Tuesday.
The bank has concluded that many of its branches in these regions are too close to one another and because changing consumer behaviors have led to a decline in footfall.
“We realize this is difficult news for our colleagues and we are doing everything we can to support those affected. We will ensure compulsory redundancies are kept to an absolute minimum,” the bank said in a statement.